June 8, 2022
Via: DailyFXMoney markets are becoming increasingly optimistic about a more aggressive European Central Bank (ECB) tomorrow after adding a few extra basis points yearly forecast. There has been much talk around a 50bps rate hike in July and rumors of a […]
June 6, 2022
Via: DailyFXThe euro opened stronger on Monday despite rising tensions between Russia and Ukraine after the Asian session fed off the risk on mood post-Chinese PMI. Although the economy remains in a contractionary state, both composite and services improved on the […]
June 1, 2022
Via: DailyFXThe euro has enjoyed some much needed respite since mid-May after extended long positioning on the U.S. dollar faded. Yesterday’s oil embargo on Russia has now heightened fears of further downward growth revision within the euro zone despite inflation data […]
May 16, 2022
Via: DailyFXThe European Commission’s Spring Forecast for 2022 revised Eurozone inflation upward to 6.1% in 2022 as expected with forecasts expected to decline to 2.7% in 2023. Growth projections in the region were subsequently lowered to 2.3% from 2.7% in February. […]
May 11, 2022
Via: DailyFXEarlier this morning, German inflation data (see economic calendar below) for April printed in line with forecasts at 7.4% thus continuing its incremental rise for 2022. German data often acts as a barometer for the EU region leaving the ECB […]
April 21, 2022
Via: DailyFXComments from ECB Vice-President Luis de Guindos are behind the latest move in the Euro with EURUSD now breaking above 1.0900. In an interview with Bloomberg, Mr. de Guindos said that the central bank sees neither stagflation nor a recession […]
April 15, 2022
Via: DailyFXEuro plunged more than 1.3% against the US Dollar today with the post-ECB sell-off driving EUR/USD into fresh yearly lows. That said, we have yet to validate a break of support with an extended holiday break on the horizon- looking […]
April 8, 2022
Via: DailyFXNext week the ECB will deliver their interest rate decision which is not expected to reveal a surprise rate hike but more importantly, market participants will be hanging on every word from ECB President Christine Lagarde regarding the end of […]
March 17, 2022
Via: DailyFXEuro rallied more than 1.9% against the US Dollar since the start of the week with EUR/USD surging on the heels of yesterdays FOMC interest rate decision. The bulls haven’t grasped control just yet as the rally keeps price within […]
March 7, 2022
Via: DailyFXThe Euro is hitting fresh multi-month lows against a rampant US dollar and is testing the 108.00 big figure as the ongoing Ukrainian crisis continues to unfold in the foreign exchange market. With little in the way of technical support, […]
February 10, 2022
Via: DailyFXEuro surged more than 3% off the January lows against the US Dollar with EUR/USD threatening a breakout today on the heels of a hotter than expected US inflation print today. January CPI recorded another 40-year high with headline inflation […]
January 31, 2022
Via: DailyFXGDP largely in line with consensus, albeit a slight miss on the yearly rate. A muted reaction for the Euro, given that much of the focus this week will be on the ECB meeting and whether they will provide their […]
January 25, 2022
Via: DailyFXGrappling with a rapid pickup in inflation and speculating on the likely response to it by global central banks have defined the dominant narrative for financial markets since at least mid-2021. That’s when the Federal Reserve began to signal that […]
November 30, 2021
Via: DailyFXThe strong rally in EUR/GBP that has lifted it from a low of 0.8380 on November 22 to its current level close to 0.85 is under threat, principally on evidence that the Omicron variant of Covid-19 is more contagious and […]
November 17, 2021
Via: DailyFXThe tumble in EUR/USD that has taken it from a high of 1.2266 on May 25 to only just above 1.13 now shows no sign of ending anytime soon. Indeed, the price has now broken below the support line connecting […]
November 11, 2021
Via: DailyFXInflation in the US soared to its highest level since November 1990 with prices across the board moving higher, data showed yesterday. The headline rate hit 6.2%, compared to market estimates of 5.8%, while the core rate rose to 4.6% […]
September 29, 2021
Via: DailyFXYesterday saw the Pound posted its worst performance against the USD in over a year and the Euro since April. I will save the column inches and point you to my recent post, discussing the concerns I had over the […]
August 10, 2021
Via: DailyFXEuro is poised for a second weekly decline (eight consecutive days) against the US Dollar with EUR/USD down more than 0.3% to trade at 1.1719 on Tuesday in New York. The decline takes price towards the major support at the […]
October 20, 2017
Via: Market WatchThe U.S. dollar shot to the highest level in roughly three months against the yen and stormed ahead against other rivals on Friday. The move came after the U.S. Senate passed a budget blueprint, which could clear the way for […]
December 27, 2016
Via: FortuneThe euro has come a long way since its introduction 18 years ago, and has brought a lot of benefits. This has notably led it to expand from 12 to 19 members in the last decade. Despite these achievements, though, […]